Shenzhen, China, July 8, 2020 –ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company providing business consulting services and multimedia services in Asia, today announced it has acquired approximately 6.56 percent of ownership stake in AeroCentury Corp. (NYSE American: ACY, AeroCentury) by purchasing 101,367 shares of common stock of AeroCentury for an average of $2.804 per share through various open market transactions.
AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines. AeroCentury 's aircraft and engines are leased to regional airlines and commercial users worldwide.
Mr. Jun Liu, CEO and Director of ATIF, commented, “We think the common stock of AeroCentury is currently undervalued after careful analysis of its fundamentals and growth potential as well as overall market environment. We believe AeroCentury has a promising future and we expect to create long-term value to our investors through this investment.”